Replies to post #341166 on Elite Pharmaceuticals Inc (ELTP)

[NASDAQ2020]

Will Mikah buy SequestOx to finish at a later date?

[IB_]

Post of the day,

"The important question is not debt vs. dilution. The question is what was the ROI? What did we get for our money? We got repeated mismanagement of SequestOx development, left unfinished at 95% complete. We got methadone, Percocet, and Norco sold out from under us. And when we were backed into the corner with little income and no way to sell shares, we got the Chinese communist government as partners.

So I'm not impressed he kept us out of debt. What did we get for the dilution? Instead of a diversified portfolio producing real revenue, we are a one-trick pony, still selling shares to survive. And the saddest part is that Mikah owns half the pony."


IB_